Financial System Structure and Economic Growth in Cameroon: Relative Efficiency of bank and market finance.

This paper aims to determine whether banks and market finance compete or complement each other. Using the Beck (2010) methodology, it confronts pro-bank and pro-market literature and applies OLS techniques to assess the relative importance of bank-based and market-based finance. The results show that banks have a negative impact on growth, but markets are not significant. However, banks and markets complement each other to foster growth. Cameroon could improve the financial market activity to boost the potential of finance to positively affect economic growth.

Full Text: PDF     DOI: 10.15640/jfbm.v9n2a2